You ask them! I sent them this question: '' Hello I am forex trader and i have 500 000$ with Suiss broker, and i heard that the Suiss regulation will change and will require brokers to get bank license Will you please provide me with more information about new regulation Best regards,
scexglobal ssss, First, have you ever traded with dukascopy? If not, how can you judge them? All Swiss brokers are bad by default? ****************************************** No ,author not traded ducascopy and not interessed to plan this kind of activity. Grounds -To date information ,which author received from communication wit hdifferent Swiss authority stated that SWISS SPOT FOREX market is not regulated All another without any matter for author ,but author would send request to EBK today
If answer would received ,would ressend to ET **************************************** Mon, 31 Mar 2008 8:37 PM ( < 1 min ago ) Text view Print view From ssss To simone.flach@ebk.admin.ch [Add] Subject SPOT FOREX MARKET REGULATION in SCHWEIZ Show full header Sehr geehrte Damen und Herren Letzte Jahr Autor hat befragt Sweize Behörde betreff Regulation in Sweize Forex spot market in Sinn Beschwerde -individuelle Kunde gegen SPOT FOREX Broker Autor hat gekriegt unzweideutige Antwort ,das EBK ist nicht zustdndig für Beschwerde in SPOT FX market . Diese Jahr wurde untenfolgende Information publiziert.* Köhnen Sie bitte sagen ,welche Schweize Regierungs Behörde werden(wenn |berhaupt ) zustdndig f|r Beschwerde von Kunden gegen Broker in SPOT FOREX MARKET ,wie in USA -CFTC ,In Deutschland -BAFIN Autor wird sehr dankbahr für Antwort ********************************************* Starting April 1, 2008 foreign exchange trading including the acceptance of deposits from the public on a professional basis becomes a privilege of authorised banks only. For a overview on the coming change in the regulation of forex dealers we would like to refer to the publication on the website of the Federal Department of Finance in German French and Italian ( http://www.efd.admin.ch/aktuell/med...de&msg-id=17808). We hope that we were able to help yaou further. Yours sincerely Secretariat of the SWISS FEDERAL BANKING COMMISSION sig. Christina B|rgi sig. Simone Flach Communication&Media Communication&Media Schwanengasse 12 P.O. Box CH-3001 Berne Phone +41 31 322 60 69 Fax +41 31 322 69 26 mailto:simone.flach@ebk.admin.ch http://www.ebk.admin.ch -- Yours respectfully ssss
Händler, deren Tätigkeit auf die Abwicklung von Kassageschäften in Devisen (Forex), Edelmetallen oder Rohstoffen beschränkt ist, unterstehen keiner Aufsicht durch die EBK. Kassageschäfte liegen vor, wenn die Händler die Netto-Positionen ihrer Kunden für jede angebotene Devise, jedes Edelmetall oder jeden Rohstoff vollständig und dauernd absichern (Spiegelung). http://www.ebk.admin.ch/d/faq/faq2.html
look maybe your EBK is playing games on our lives? I don't want to risk my 500K. Swiss laws have two faces in my opinion. They can say one thing and do another. Do I want to end up with the freeze of my 500K ? No! that is money I cannot afford to lose. I say good bye Swiss companies and hello any bank! I will not deposit with NFA Brokers as well. In my opinion big banks are lobbying the government to get rid of Brokers since Banks now have the technology to offer to retail and they see that a big chunk of their profit goes to brokers. Anybody who is smart should consider this at least for some period of time in my opinion is save to be with banks if you can of course. But I trade on MT and It is hard to find Bank with MT. I have account with Varengold when they used to be Finex and they offer MT.
account with Varengold Dear Sir IF you wrote about Varengold AG ,this used mt4 platform - See message(copy ) by marketsurfer http://www.elitetrader.com/vb/showthread.php?threadid=118174
You're certainly not alone, I'd say many traders are echoing this sentiment with what is going on today. Makes the bank guarantee option offered at Duka all the more appealing. It's unfortunate that other brokers (US-based) don't offer something similar to that.
....I am forex trader and i have 500 000$ with Suiss broker With 500k$ ask on ET? Very doubt ... Trader with 500 k$ must knew all in he*s field . But give you a suggest,which to date suspect to be best from fund protection perspective , but from author not tested with real money ... http://eu.hotspotfx.com/open-an-account/client-money-protection/ but it is offered only for EU clients ,not for USA .Possibly you must discuss legal matter very deep with London and NY office . Platform is ECN ,good but not have reserved html and java version for heavy network conditions (AMTD ,OXPS ,SWIM in stock and options offer 3 versions) Demo version with real quote ,paper money you can ask without charge but you can ask by www.currenex.com(technology provider) possibly this found some for you ,if case is true ,that you are trader with 500 k$ Your respectfully P.S. Author is not payed agent by any broker and to date not involved in forex spot trading. Opinon of the author possible not suited for another*s